A strengthening dollar ahead of the US-China trade talks and surging crude oil prices, however, restricted the rupee gains.
The rupee inched up 2 paise to 71.22 against the US dollar in early trade Friday amid a dip in crude oil prices and fresh foreign fund inflows.
At the Interbank Foreign Exchange (forex) market, the domestic unit opened strong at 71.06 and rose to 70.91. However, it could not hold on to the gains and fell to a low of 71.29 before finally ending at 71.24 -- a fall of 13 paise.
This follows an earlier round of financing when OPIC had granted a loan of USD 250 million to ReNew Power in March 2016, a company statement said.
The rupee darted up 9 paise to 71.02 against the US dollar in early trade on Thursday amid a reversal in foreign fund outflows even as oil prices hardened.
An accused wanted in a fake Indian currency note (FICN) case, also known as the Junagadh case, has been apprehended on Wednesday from West Bengal by the NIA, an agency spokesperson said.
The rupee had closed at 71.34 versus the greenback Monday. Money markets were closed Tuesday on account of Chhatrapati Shivaji Jayanti.
The rupee inched up 3 paise to 71.31 against the US dollar in early trade Wednesday even as foreign fund outflows continued amid firming oil prices.
When contacted, the company declined to comment. The sources said promoters plan to offload 18 to 19 per cent of their 30 per cent direct holding in the company. Overall, they would retain 51 per cent of direct and indirect shareholding post sale.
The rupee weakened by 15 paise to trade at 71.38 against the US dollar in early trade Monday amid heavy foreign fund outflows and subdued domestic equity markets.
Besides, the additional offering or Bharat-22 Exchange Traded Fund (ETF) garnered about Rs 10,000 crore to the exchequer. The issue got bids worth Rs 49,528 crore, with foreign investors pouring in Rs 38,000 crore and retail buyers Rs 2,000 crore.
As part of its expansion plans in the country, the firm inaugurated an exclusive brand showroom at Madhavaram that would display the group's latest collections and products under the Artize and Jaquar brands, company officials said.
Total revenue fell to Rs 467.47 crore during October-December quarter of 2018-19 from Rs 612.20 crore in the corresponding period of the previous year.
The total revenue was at Rs 2,07.8 crore during the quarter under review as compared to Rs 210.8 crore during the corresponding period the previous year, reflecting a decrease of 1.4 per cent on a year-on-year basis.
The rupee weakened by 17 paise to trade at 71.33 against the US dollar in opening session Friday following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices.